HOW is VyFinance raising the BAR higher in all of CRYPTO? CEO Steven Ward FINALLY Shares His SECRETS

VyFinance is a revolutionary decentralized exchange building on the Cardano Blockchain. All crypto enthusiasts should know about this project.Show more

In this interview, @DerekOnChain talks with VyFinance CEO and founder Steven Ward about the DEX’s new features for crypto investors, cryptocurrency traders and blockchain enthusiasts.

What is a decentralized exchange? How do you provide liquidity on a DEX? What is impermanent Risk? What makes VyFinance stand out as a leading Cardano project? Learn more about the VYFI auto harvester, stacked transactions, Layer 2 Liquidity Pools, the VYFI Bar, the VYFI lottery, Vyfinance governance, tokenomics and emissions in this crypto conversation.

Remember, this video is not financial advice. Blockchain is a new frontier, and our content is meant to be educational, introducing you to new concepts. You should always do your own due diligence and research, be responsible for your own decisions and keep a solid eye on your assets.

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VyFinance LINKS:

VyFinance Docs: https://docs.vyfi.io/
VyFI APP: https://app.vyfi.io/
VyFinance Channel: @Vyfinance
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CRYPTOFLUENCY Website:

Blockchain Blueprint Giveaway Course with Derek: https://cryptofluency.com/op/blockchain-blueprint
No commitment. No credit card sign-up. Nothing to lose. This course is 100% FREE. Over three hours of content.

Fast Track Members Group: https://cryptofluency.com/sp/fast-track/

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CHAPTERS:
00:00 Introducing the VyFinance DEX and its CEO, Steven Ward, his finance background and path to starting VyFinance
04:56 Steven explains decentralized finance, decentralized exchanges and what it means to provide liquidity on a DEX, including the decentralized incentivization model.
09:08 Steven shares his screen and walks us through the VyFinance DEX, including the Zap Feature.
10:57 Steven explains the VYFI stacked transactions feature for executing more than one transaction at a time.
14:11 The VYFI ability to harvest an unlimited amount of pools at one time to maximize flow and increase harvest efficiency.
17:24 VyFinance Layer 2 Liquidity Pools, Impermanent Risk and the special use of Liquidity Provider token value
20:14 A brief explanation of the Impermanent Risk
23:40 How VyFinance has created a new market for LP tokens
24:28 How a DEX increases the value and opportunity for onboarding unconnected or unbanked populations.
28:23 The Concept of Impermanent Gain, protecting your portfolio and giving you price stability
32:15 The benefit to the Cardano ecosystem of seeing previous liquidity providing attempts on other blockchains
33:15 How the VYFI Bar works on the VyFinance DEX - a first in Cardano
36:20 Navigating providing liquidity, farming and XVyFI in the VyFinance Bar
40:18 What is the VyFI Lottery, how can you can participate and be rewarded?
42:25 The future of VYFI Governance, decentralization and the VyFinance design of Emissions.
47:24 Cardano’s dominance in the Smart Contract space and what that means for Layer 2s building on the Cardano Blockchain
51:00 The VyFinance Auto-Harvester Feature and how it works.
54:50 The role of founders and protocols in user education.